'Financially paralyzed': Half of Canadians living bill-to-bill, poll finds

More than half of Canadians are feeling “financially paralyzed” amid the surging cost of living, according to a new poll.

Fifty-five per cent of Canadians used that language to describe their finances, according to the survey commissioned by the Royal Bank of Canada (RBC).

Nearly half (48 per cent) added they could no longer afford to maintain their standard of living, while nearly a third (29 per cent) said their finances were in a constant state of chaos.

The gloomy economic outlook didn’t end there.

Global's Travis Prasad reports.

#GlobalNews #canada #costofliving #finance

[jo-annefox]

Successfully eliminating the middle class and taking away so much we all worked for.

[hissingoose]

2012-2014 Canada was ranked 7th in quality of life globally.
2015 we slipped to 9th.
Current year we are 29th to start out.
It’s time for a change.

[pjx]

I worked so hard to pay off all my debt from 2018-2021 and now I'm back in debt from 2022-2025

[RealChange-ehgw]

The Gentleman at the beggining is 100% correct. So many people have left the country

[qp]

You need to make 200k a year to live the same way the average middle class person was living 25 years ago. Disaster

[DabloonsCat]

Except THERES NO DOCTORS
I was told I might have cancer and I can’t even find a doctor to look at me. I don’t want to die.

[josephsmith]

The first guy nailed it. Income tax plus sales tax, were being taxed to death. Poilievre talks about the carbon tax like it’s so important, but it’s nothing compared to those. And where the heck is all the tax money going? It’s not to defence, healthcare, or education…

[jeremiah]

This is the worst time to live in Canada worst yet to come if there is no change!!!

[sheribellagee]

Remember this at the upcoming election, fellow Canadians. Don't vote for the party that got us here!!

[quanalt]

Getting financial help from a bank is like asking a drug dealer to help you quit drugs

[homer]

The wage cannot keep up with the cost of living. It's really bad in Canada.

[DeliaTV]

The fact that I need to think of either I pay my rent or get food, this so sad.

[Toadettefan]

You shouldn’t need two to three jobs just to be able to afford your rent food and bills. It’s disgusting that Trudeau destroyed Canada before he finally decided to bow out.

[Dbodell]

Politicians have no problem with the cost of living it seems.

[justylex]

And yet, so many will still vote in this horrible Liberal government for a fourth term🙄🤦‍♀️

[stolidvessel]

Chrystia Freeland says cancel your Disney+ in order to save the big bucks

[Rob-ik]

Guy failed to mention you cannot keep going to the bank for free handouts. That is exactly what they want you to do. Mortgage your home off, or lose it. Give me a break.

[xubtgnx]

Don’t think the bank will be the “help” you need

[gizmothesquirrel]

Half of our money goes to taxes. Maybe more.
But we get almost nothing in return for paying them

[maxg]

I don’t know about others, I’m an engineer and I’ve been living in Canada for 23 years I’ve never felt secure financially, Canada is ideal place for two types of immigrants 1- if you are in a very very bad situation in your country so no matter how hard it is in Canada it’s still better than your country 2- if you embezzled/stole large sum of money in your country and you need a safe haven for fraudsters/criminals/corrupt politicians to enjoy your money ( there are tens of thousands of such people in Canada)